Exhibit 99.1
![LOGO](https://capedge.com/proxy/8-K/0001193125-18-267604/g610784g20x78.jpg)
One Stop Systems Closes Acquisition of Concept Development
Expands Market Reach into In-flight Entertainment Market
Escondido, Calif. and Irvine, Calif., September 6, 2018– One Stop Systems, Inc. (OSS), a leader in specialized high-performance computers, has completed thepreviously announced agreement to acquire Irvine California-basedConcept Development, Inc. (CDI), which specializes in the design and manufacture of in-flight entertainment systems and components for commercial aircraft.
“The CDI acquisition furthers our plan to achieve rapid growth through both organic and strategic M&A activities,” said Steve Cooper, OSS president and CEO. “CDI’s broad experience in high-performance systems for the aerospace and in-flight entertainment markets augments OSS’ capabilities in designing and manufacturing specialized high-performance computing products for rugged airborne environments, media and entertainment.”
The companies expect the synergies of the combined businesses to enhance the capabilities of their engineering, manufacturing and customer support, as well as significantly broaden their market reach.
“Together, we have more capable resources for bringing high-performance computing to in-flight entertainment and other growth markets,” added Cooper. “We can also now offer an even greater value proposition to our customers and further set ourselves apart from the competition.”
According to CDI president, Jim Reardon: “Joining OSS brings a number of major benefits to CDI, including dramatically advancing the pace of our OEM products for in-flight entertainment and military aerospace, as well as advanced industrial customers. OSS has a highly-capable and seasoned global sales force that are already calling on accounts that are highly qualified to become CDI customers. With OSS we see an immediate expansion of our market opportunities, and we have already begun to jointly pursue a number of proposals.”
Further details are available in the Form8-K OSS has filed with theU.S. Securities and Exchange Commission, which is accessible from the investor section on the company’s website.
About Concept Development
Irvine, California-based Concept Development, Inc. specializes in the design and manufacturing of custom high-performance computing systems for airbornein-flight entertainment systems. CDI’s capabilities include electrical, mechanical and software design as well as extensive experience in test and certifications required for airborne systems. CDI provides these advanced custom solutions for global enterprise customers. For more information, go towww.cdvinc.com.
About One Stop Systems
One Stop Systems, Inc. (OSS) designs and manufactures specialized high-performance compute accelerators, flash storage arrays and customized servers for deep learning, AI, defense, finance and entertainment applications. OSS utilizes the power of PCI Express, the latest GPU accelerators and NVMe flash cards to build award-winning systems, including many industry firsts, for OEMs and government customers. The company’s innovative hardware and Ion Accelerator Software offers exceptional performance and unparalleled scalability. OSS products are available directly, through global distributors, or via its SkyScale cloud services. For more information, go towww.onestopsystems.com.
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